The Cancun Palace Resort was once a popular vacation destination for travelers seeking luxury and relaxation along the beautiful beaches of Cancun, Mexico. However, in recent years, the resort has undergone some changes that have left many wondering what happened to this once-famous hotspot.
The History of Cancun Palace Resort
Cancun Palace Resort opened its doors in 1988 and quickly became a go-to vacation spot for celebrities and tourists alike. The resort boasted 601 rooms, a variety of restaurants, bars, pools, and other amenities that made it stand out from other resorts in the area.
For over two decades, the Cancun Palace Resort remained a popular destination for those seeking sun, sand, and relaxation. However, as time went on, the resort’s popularity began to wane.
What Happened to the Cancun Palace Resort?
In 2012, it was announced that the Cancun Palace Resort would be rebranded as the Hard Rock Hotel Cancun. Following this announcement, extensive renovations were done to update the entire property. This included adding a rock-and-roll theme throughout the hotel and modernizing guest rooms with new furnishings and technology.
The Hard Rock Hotel Cancun officially opened its doors in 2013 with much fanfare. Many guests praised the new look and feel of the hotel while others mourned the loss of the original Cancun Palace Resort.
However, despite these efforts to revamp and modernize the property, rumors began to circulate about its financial troubles. In 2019, it was reported that Hard Rock Hotel had defaulted on a $48 million loan used to renovate several properties including Hard Rock Hotel Cancun.
As a result of this default and other financial issues facing parent company Playa Hotels & Resorts Inc., many began to wonder what would become of the beloved hotel.
The Future of Hard Rock Hotel Cancun
Despite these financial troubles, the Hard Rock Hotel Cancun remains open and continues to welcome guests from around the world. While there have been no official announcements about the future of the hotel, some speculate that it may be sold to a new owner or undergo further renovations in an effort to revitalize its popularity.
Regardless of what happens to the Hard Rock Hotel Cancun in the coming years, its legacy as a once-popular vacation destination will live on. Many will fondly remember their time spent at the original Cancun Palace Resort while others will cherish memories made at the newly renovated Hard Rock Hotel.